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Article Date: August 2020
Word Count: 161

Sequential Brands Sees Double-Digit Revenue Drop in Q2


Net loss narrowed to $2,784,000 in the second quarter from a loss of $4,599,000 last year, on licensing revenues that contracted 14% to $22,594,000 from $26,415,000. Backing out discontinued operations, one time items, finance costs and depreciation and amortization, SQBG’s adjusted EBITDA was $15,064,000 vs. $13,306,000. Activewear brands And1, Gaiam, Avia and Spri are well-positioned to benefit from the home fitness boom brought on by the pandemic, it avers, and are distributed through mass retailers like Walmart, which have performed well ... Log in to view full article.

 


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